Oxford Industries Inc. (OXM) Given “Buy” Rating at DA Davidson
Oxford Industries Inc. (NYSE:OXM)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a report issued on Thursday. They currently have a $81.00 price objective on the stock. DA Davidson’s price target suggests a potential upside of 19.10% from the company’s current price.
Other analysts also recently issued reports about the company. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Saturday, September 3rd. Stephens reissued a “buy” rating on shares of Oxford Industries in a report on Monday, June 6th. B. Riley reaffirmed a “buy” rating and issued a $81.00 price target on shares of Oxford Industries in a report on Monday, June 6th. SunTrust Banks Inc. cut their price target on Oxford Industries from $95.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, June 8th. Finally, Wunderlich raised their price target on Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Eight research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $84.38.
Oxford Industries (NYSE:OXM) traded down 1.40% during mid-day trading on Thursday, reaching $67.06. The company had a trading volume of 64,197 shares. Oxford Industries has a 12-month low of $52.54 and a 12-month high of $77.99. The stock has a 50-day moving average of $65.70 and a 200 day moving average of $63.10. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.71 and a beta of 0.61.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.38 by $0.10. The firm earned $283 million during the quarter. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $1.32 earnings per share. On average, analysts expect that Oxford Industries will post $3.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.59%. Oxford Industries’s payout ratio is 30.25%.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 2,500 shares of Oxford Industries stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.81, for a total transaction of $174,525.00. Following the sale, the insider now directly owns 10,680 shares of the company’s stock, valued at approximately $745,570.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.18% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. PineBridge Investments L.P. boosted its stake in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock worth $106,000 after buying an additional 88 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock worth $118,000 after buying an additional 253 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Oxford Industries during the second quarter worth approximately $163,000. Clinton Group Inc. bought a new stake in shares of Oxford Industries during the second quarter worth approximately $203,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Oxford Industries during the second quarter worth approximately $255,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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